Rich Dad Poor Dad author Robert kiyosaki with SeeKen podcast | BOOK PODCAST episode 1

Summary

In this inspiring interview, the guest expresses gratitude for the impact of 'Rich Dad, Poor Dad' on his life and career. The discussion delves into the stark disparities between the rich and poor, the importance of financial education, and the value of assets like silver and gold. The guest shares insights on salesmanship, the power of serving others, and the pitfalls of traditional education. He also touches on politics, corruption, and the merits of capitalism, advocating for a mindset shift from 'I can't afford it' to 'How can I afford it?', emphasizing the significance of financial literacy and entrepreneurial spirit.

Takeaways

• 📚 The speaker expresses gratitude for the impact of 'Rich Dad, Poor Dad' on their life and emphasizes its importance as a foundational book for financial education.
• 🌏 The speaker discusses the disparity between the rich and the poor, not just in India but globally, including in the United States, and attributes part of this to a lack of financial education.
• 💰 The speaker criticizes the concept of fiat currency, stating that it's 'fake' and contributes to keeping people poor, advocating for assets like silver and gold as 'God's money'.
• 🏆 The speaker shares personal success with investing in silver and gold mines, highlighting the importance of focusing on assets rather than liabilities.
• 🤔 The speaker questions the current education system, pointing out that it often fails to teach about money and financial literacy, which is crucial for success.
• 💼 The speaker shares insights on entrepreneurship, stating that it's more about learning to sell and serve others than about formal education or avoiding debt.
• 📘 The speaker admits to not being a great writer but became a best-selling author by learning how to sell, emphasizing the importance of sales skills over literary talent.
• 🌐 The speaker touches on political topics, expressing opinions on various leaders and their economic policies, particularly criticizing actions that increase poverty and homelessness.
• 🚀 The speaker encourages a mindset shift from saying 'I can't afford it' to figuring out 'how can I afford it', as this mindset change can lead to wealth creation.
• 🛫 The speaker discusses personal luxuries like owning jets and the importance of setting high standards for oneself, rather than settling for less.
• 📈 The speaker mentions their interest in cryptocurrencies, particularly Bitcoin, and how they acquired it through understanding market trends, showcasing the value of financial education.

Q & A

What is the significance of the book 'Rich Dad Poor Dad' in the speaker's life?

The book 'Rich Dad Poor Dad' played a pivotal role in the speaker's life, as it helped him change his life perspective on wealth and success. It is considered an all-time favorite and is the first book he recommends to others for its potential to inspire a change in mindset towards money and financial education.

How does the speaker view the wealth disparity in India and other countries?

The speaker observes that wealth disparity is not unique to India but is also prevalent in America and other places. He attributes the growing issue of slums and homelessness to a lack of financial education and the devaluation of currency, which he refers to as 'fake money'.

What is the speaker's opinion on the value of financial education?

The speaker strongly advocates for financial education, stating that it is essential to understand the difference between working for money and having money work for you. He believes that without financial education, people can fall into poverty despite their hard work.

What assets does the speaker recommend focusing on according to the transcript?

The speaker recommends focusing on assets such as silver and gold, which he refers to as 'God's money'. He believes these precious metals are real assets that can attract wealth, unlike fiat currency which he views as less stable and valuable.

How does the speaker describe his experience with the education system and its impact on his life?

The speaker shares that he flunked out of high school due to his inability to write well. However, he became a best-selling author after learning how to sell, emphasizing that selling skills are crucial for success, not necessarily writing abilities.

What advice does the speaker give for becoming a successful salesman?

The speaker suggests focusing on serving fellow human beings as the key to becoming a successful salesman. He believes that the more people one serves, the more effective and potentially wealthy one can become.

What is the speaker's stance on the current state of politics and corruption?

The speaker criticizes the corruption he sees in politics, stating that it is not capitalism that people dislike, but rather the dishonest practices that come with it. He emphasizes the importance of financial education to protect oneself from such corruption.

How does the speaker view the role of debt in wealth accumulation?

Contrary to traditional advice, the speaker sees debt as a tool for wealth accumulation. He explains that using debt allowed him to become rich, especially after President Nixon took the dollar off the gold standard in 1971.

What is the speaker's opinion on cryptocurrencies?

The speaker does not express a clear stance on cryptocurrencies in the transcript. However, he does mention owning 60 Bitcoins, which he acquired through technical trading and market trend analysis.

What alternative learning methods does the speaker recommend for financial education?

The speaker recommends using platforms like YouTube for learning, as it provides access to a variety of teachers and perspectives. He believes that self-education through these platforms can be a powerful tool for acquiring financial knowledge.

What is the speaker's final message about mindset and wealth creation?

The speaker's final message emphasizes the importance of a positive and proactive mindset in wealth creation. He advises people to shift from saying 'I can't afford it' to figuring out 'how can I afford it', as the former mindset perpetuates poverty while the latter fosters wealth.

Outlines

00:00

📚 The Impact of 'Rich Dad Poor Dad'

The speaker expresses gratitude for the opportunity to discuss the profound influence of the book 'Rich Dad Poor Dad' on their life. They highlight the book's role in shaping their financial education and recommend it as a must-read for others, emphasizing its potential to change lives. The speaker also reflects on the stark disparities between the rich and the poor, observed not only in India but also in America, and attributes these disparities to a lack of financial education. They critique the current monetary system, suggesting that the value of currency like the rupee, yen, and dollar is artificial and contributes to poverty. The speaker advocates for focusing on assets rather than liabilities, as a strategy for financial success.

05:02

💰 Embracing Silver and Gold as Assets

The speaker discusses the importance of focusing on tangible assets like silver and gold, which they refer to as 'God's money', in contrast to fiat currency. They share personal anecdotes about saving silver and gold since the age of 17 and how this strategy has contributed to their wealth. The speaker also recounts a conversation with a Hindu priest in Fiji, who emphasized the wealth-attracting properties of gold. The speaker encourages people to invest in real assets like gold and silver mines, as they believe these investments will continue to hold value over time, unlike fiat currency, which they view as unstable and deceptive.

10:04

🏛️ The Flaws in the Education System

The speaker criticizes the current education system, particularly its failure to teach financial literacy. They recount their own experiences, including reading 'The Communist Manifesto' in military school and realizing that their family's values were aligned with Marxism. The speaker argues that the education system perpetuates a cycle of poverty by not equipping students with the skills to manage money effectively. They also discuss their experiences in Vietnam and the realization that conflicts, including the war in Vietnam, were driven by economic interests, specifically oil. The speaker emphasizes the need for a shift in educational priorities to include financial education.

15:07

📈 Capitalism and Corruption

The speaker discusses the concept of capitalism and distinguishes it from corruption. They argue that capitalism itself is not the problem but rather the corruption that often accompanies it. The speaker uses the example of Mr. Tata, a successful businessman, to illustrate how providing value to customers can lead to wealth. They contrast this with political leaders who they perceive as corrupt, using the example of President Joe Biden and his son Hunter Biden. The speaker also mentions their friendship with Donald Trump and their shared belief in capitalism, and criticizes the Biden administration's policies, particularly the decision to cut the pipeline, which they believe was detrimental to the economy.

20:09

🚀 Entrepreneurship Over Formal Education

The speaker advocates for entrepreneurship over formal education, arguing that school does not necessarily lead to wealth. They share their personal story of having a degree in engineering but choosing not to pursue it, instead focusing on financial education and entrepreneurship. The speaker discusses their success in the cryptocurrency market, particularly with Bitcoin, and emphasizes the importance of understanding market trends. They encourage learning through alternative means such as YouTube, which they believe offers a wealth of knowledge from various sources, and criticize traditional education for not preparing individuals for entrepreneurial success.

25:12

🌐 Investing in Diverse Assets

The speaker talks about their diverse investment portfolio, which includes commodities like gold and silver, as well as cattle. They emphasize the importance of investing in what people want and need, and discuss their personal investments in a gold mine and a silver mine in Argentina. The speaker also mentions their preference for luxury items like Ferraris and Rolls-Royces, and their decision to buy a Gulf Stream 4 jet for international travel. They argue that entrepreneurship allows for the freedom to choose what to invest in and the flexibility to live a life of luxury, as opposed to being tied down by traditional jobs and financial constraints.

30:16

💡 The Power of Financial Education

The speaker concludes by emphasizing the importance of financial education and the mindset it fosters. They discuss their ongoing work on books and educational materials, including a board game called the 'Cash Flow' game, which they recommend for teaching financial literacy. The speaker encourages a proactive approach to wealth creation, focusing on creating assets that can fund one's desires, rather than simply saving money. They stress the value of giving and teaching, suggesting that these actions lead to greater wealth and success in life.

Keywords

💡Financial Education

Financial education refers to the knowledge and understanding of financial matters, including how to manage personal finances, investments, and the importance of assets over liabilities. In the video, the speaker emphasizes the lack of financial education as a significant factor contributing to poverty and advocates for learning about money management as a way to change one's financial situation.

💡Assets

Assets are items of value owned by an individual or company with the potential to generate income. The speaker in the video discusses the importance of focusing on assets, such as silver and gold, over liabilities, as a strategy for wealth accumulation. He mentions owning gold and silver mines as examples of assets that have contributed to his wealth.

💡Liabilities

Liabilities are financial obligations or debts that an individual or company owes. The video script mentions that focusing on assets rather than liabilities is a key to financial success, as liabilities can lead to financial strain and hinder wealth accumulation.

💡Rich Dad Poor Dad

'Rich Dad Poor Dad' is a book by Robert Kiyosaki that contrasts the financial philosophies of the author's 'rich dad' and 'poor dad.' The book is repeatedly mentioned as a life-changing influence on the speaker and is recommended as a starting point for anyone seeking financial wisdom.

💡Fiat Currency

Fiat currency is a government-issued currency that is not backed by a physical commodity, such as gold or silver. In the script, the speaker criticizes fiat currencies like the dollar, rupee, and yen for being 'fake' and contributing to the cycle of poverty by losing value over time.

💡Debt

Debt is an amount of money borrowed by one party from another, with an agreement to repay it at a later date. The speaker in the video challenges the conventional advice to stay out of debt, arguing that debt can be used strategically to acquire assets and get rich, as it represents other people's money.

💡Bestselling Author

A bestselling author is a writer whose works have achieved significant commercial success, often ranking high on sales lists. The speaker discusses his journey to becoming a bestselling author, emphasizing the importance of learning to sell rather than focusing solely on writing skills.

💡Entrepreneurship

Entrepreneurship is the process of designing, launching, and running a new business, which is often initially financed by a limited group of individuals. The video script highlights the importance of entrepreneurship as a path to wealth and the speaker's belief that formal education is not a prerequisite for becoming a successful entrepreneur.

💡Cryptocurrencies

Cryptocurrencies are digital or virtual currencies that use cryptography for security and operate independently of a central bank. The speaker mentions his personal investment in Bitcoin and suggests that understanding market trends is crucial for success in cryptocurrency investment.

💡Mindset

Mindset refers to a set of attitudes and beliefs that shape an individual's approach to various aspects of life. In the video, the speaker talks about the importance of having a rich mindset, emphasizing positive affirmations like 'how can I afford it' instead of 'I can't afford it' to foster a wealthier outlook on life.

💡Capitalism

Capitalism is an economic system based on private ownership of the means of production and their operation for profit. The speaker discusses capitalism as a means to overcome economic troubles, but also distinguishes between capitalism and corruption, suggesting that the latter is what people often mistake for the former.

Highlights

The interviewee expresses gratitude for the impact of the book 'Rich Dad, Poor Dad' on their life.

The book 'Rich Dad, Poor Dad' is recommended as the first book to read for financial education.

The interviewee discusses the stark contrast between the rich and poor in India, similar to issues in America.

Financial education is identified as a key factor in addressing wealth disparity.

The interviewee emphasizes the importance of focusing on assets rather than liabilities.

Silver and gold are recommended as the best assets to focus on, described as 'God's money'.

The interviewee shares personal experiences with acquiring wealth through silver and gold investments.

The concept of 'fake money' is discussed, with a critique of fiat currency systems.

The interviewee suggests that the education system fails to teach about money, leading to financial struggles.

Becoming a best-selling author is linked to the ability to sell, rather than just writing skills.

The interviewee shares tips on becoming a great salesman, emphasizing service to others.

Capitalism is defended as a system that can help people out of economic trouble, if not corrupted.

The interviewee discusses their friendship with Donald Trump and their shared capitalist values.

The interviewee criticizes Joe Biden's policies, particularly the cancellation of the Keystone XL pipeline.

The interviewee argues against the necessity of formal education for entrepreneurship.

Cryptocurrencies are discussed, with the interviewee sharing their personal investment in Bitcoin.

The interviewee advocates for learning through platforms like YouTube, rather than traditional education.

The interviewee encourages thinking about how to afford things, rather than saying 'I can't afford it'.

The interviewee promotes their cash flow board game as a tool for financial education.

Transcripts

so first of all thank you so much  for giving your precious time to me it's  

an honor for me to have you sir every time I go  to any interview or stage whenever I mention my  

story there's always you in my story because you  helped me change my life through this book thank  

you it's one of my favorite alltime favorite  book whenever someone asks me which book you I  

should read first I tell them read this because  if you don't read this if you choose a bad book  

people might not read at all if a book is not  good so the first book I recommend is Rich Dad  

Poor Dad the first book and , that makes me  so happy it's the greatest gift I have I'm an  

old man now huh but to have young men like you  said that this book and all this I travel all  

over the world and young men and women come up  and say thank you yeah that's the greatest gift  

of all yeah thank you don't even know how  much powerful that is for me and for 4 million  

people because we are kind of changing my life  and we'll change so many other lives just because  

of you and your book now you'll change more lives  yeah it's a cascading effect that will go so well  

so the first question I have for you you came to  India you went to dhavi you there bought jackets  

and everything so and you were at the Taj also Taj  Hotel which is one of the like very luxurious life  

you you have noticed Rich are really rich and  poor are really poor in India why do you think  

that is well I think it's also um not just India  in America today slums are appearing everywhere I  

have an I have an apartment house I have lots of  apart real estate agent but I have a property in  

Seattle Washington Washington and Portland Oregon  my tenants couldn't get into the building because  

the homeless parked all around it so I remember  about 15 years ago I was in Argentina and I saw  

the favellas and favellas are the homeless people  and they're growing like a cancer but it's growing  

in America today too okay and there's many  reasons for not one reason but a lot of is  

no Financial education so you have a lot of good  people hardworking people they work really hard  

the problem is our money is fake the rupia is  fake rupia is fake the yen is fake the dollar is  

fake and it keeps people poor so that's why when  Rich Dad Poor Dad I said the rich don't work for  

money and if you work for money you get poor you  can make a lot of money but you get poorer so it  

doesn't so it takes a while for a person to go  oh my God what's wrong I'm working hard I went  

to school you know I'm poor so that was poor  dead yeah okay so in the book you said that  

we should focus on assets rather than focusing  on liabilities what are the best assets you can  

recommend us so we we should focus on right now  there's lots of assets you know like the number  

one asset today is silver silver and the reason  is is because silver and gold are God's money  

yeah so silver and gold were placed here by God  the dollar is printed the rupee is printed yeah  

so I for since 1964 when I was 17 years old I  started saving silver okay and gold so today I'm  

a rich man but I still remember meeting a Hindu  priest okay in Fiji and he had gold hanging all  

over him you seen Christians m it's not good to be  a rich you know what I mean yeah I'm a Christian  

root of root of oliv yeah the love of money is  the root of all yeah so this Guru DEA he's an  

American Hindu Hindu priest I said why do you have  so much gold he looked at me and he said because  

gold is the attractor of wealth what says yes as  God put gold here on Earth so gold would attract  

wealth but what the US was the US government  started printing paper money the had currency  

and so poverty increases so my message to you  know people of India whatever religion you have  

to get back to what's real real silver or gold  so because I'm a capitalist I own two gold mines  

and one silver mine and I get richer and richer  and richer because that Hindu priest said to me  

so the more gold you have the more wealth you  attract yeah so he says gold he said this quote  

unquote gold are the I the tears of God gold is  the tears of God yeah so if you want more wealth  

get more gold yeah a lot of countries are doing  that they're increasing like gold reserves who  

are smart because gold is a real money as you say  it's real it was thousands years ago we used to  

have gold now also gold is there and it will be  for sure uh in the future also we will use gold  

and have gold as a money but fiat currency keeps  on changing that's terrible that's fake money fake  

money changes and that's the US dollar H so it's  really tough you know because because our school  

teachers tell us go to school work hard get a job  save money pay taxes get out of debt I don't do  

any of that and what I do instead is I use debt  because what happened in 1971 President Nixon took  

the dollar off the gold standard and so the dollar  became debt in 1971 I used debt to get rich it's  

opposite opposite yeah but you go to school that  tell you stay out of debt yeah but debt is money  

it's other people's money you you said a very  interesting thing about education system what  

do you think is the main problem of our education  system currently education Ed it's really sad cuz  

Poor Dad was educator yeah good man but a Marxist  in 1965 I was 18 years old and I read the book The  

Communist Manifesto okay I went to military  school they call me a ring nug ring nug yeah  

ring knockers are Military Officers officers okay  who went toies special schools so we had to study  

Marx because you know Marx is the enemy and I  realize my family are marxists good people but  

it's like a religion you know what I mean it's  like in in Ireland they have Catholic shooting  

Protestants they're all Christians but they're  shooting each other you know it's like the taml  

tiger and the people in Sri Lanka Lanka they shoot  each other yeah I was in Vietnam as a marine pilot  

flew helicopters in Vietnam Vietnamese were  killing Vietnamese stupid you know it doesn't  

make sense but that's the world way the world is  today and the other thing I knew about I went to  

Vietnam twice 1966 in 1972 and I realized then  that what Vietnam has the reason America was  

fighting for Vietnam was oil oil and the reason I  know that is the school I went to the US Merchant  

Marine Academy in New York I studied oil I'm an  o man yeah that's my background and so it's your  

education it's good but our schools do not teach  us anything about money yeah that's the problem  

and that's why most School teachers are poor yeah  don't listen to them yeah you are a bestselling  

author of the whole world I have a book summary  Channel I love books so what would you recommend  

if someone wants to become a bestselling author  of the whole world like you what things they have  

to focus on well I hate to say this but I flunked  out of high school because I cannot write huh so  

I flunked when I was 15 and 17 I can't write  okay and I only became a best-selling author  

after I learned how to sell so I'm not a best  writing I'll never e bullet Sur Prize or all  

those Awards I'm a best selling author so in 1974  when I came back from Vietnam I was a you know so  

my poor dad just go fly for United Airlines  American Airlines bran F and all that stuff  

and my rich I I asked my rich man I said if I'm  a pilot what happens he says you're an employee  

you know you work for people I said well how do I  become rich he says you have to learn how to sell  

he said the number one skill of an entrepreneur  is not how to sell and I didn't want to sell

so I kept asking my rich said please please please  there's got to be a better way I don't want to  

sell cuz my poor dad hated salesman yeah you  know academics Professor I don't like salesman so  

finally I asked my rich I said tell me how can I  get rich without selling and so my rich dad is my  

best friend's father okay looks at me says how's  your sex life I said terrible he says you have no  

girlfriends right I said that's right he says cuz  you can't sell that's inter so with that I joined  

the Xerox cor I I interviewed with Xerox and IBM  back then 74 and I learned how to sell so what  

this says here is bestselling author besteller  it doesn't say best writing author writing author  

pit surprise will never come after me you know  they don't care I sold more books than anybody  

else but I can sell book BS that's very beautiful  thing if anyone wants to become a good salesman  

is there any few tips or something like what we  should focus on to be a great salesman that's a  

very good question I only do it because I want to  serve my fellow human being uh the more people I  

serve the more effective I become too many people  say the more people I serve the more money I make  

I I don't really care about money if you read this  book here there's so much so so many easy ways to  

make money yeah but I want to focus on serving  my fellow human beings first so rich or poor you  

know I keep talking to U professional investment  club and all this I said I came to Mumbai I want  

to see the slums said how do I serve the people of  the slums I don't serve them by making my prices  

really high I serve them by teaching so it's like  Gandhi and those guys and you know they teach so  

I teach to this book so this book can go into the  slums of Mumbai or all over the world and that's a  

I am a testimony for that I came from Mumbai slums  I am one of the guy who used to live in slums I  

have dream but I I own houses now this get you  well and this mindset this book helped me to get  

out that slumps so it's an honor sir that's yes  thank you congratulations yeah thank you so much  

like why do you think capitalism is the best way  for the world to come out of this economic trouble  

we are having it's a tough question you know it's  not people don't like capitalism but they don't  

like corruption yeah it's a lot of corruption  and unfortunately if a person has no Financial  

education ation people steal from them very  easily yeah so I look at politics and all this  

many of our political leaders are stealing left  and right yeah so they say well it's capitalism  

no it's called corruption yeah so you cannot cross  corruption and capitalism capitalism very simply  

taking people and their ideas and making money  with it so like yeah I print this book I get paid  

that's Ste King from anybody yeah so that's what  it is you look at Mr Tata you know he's very smart  

businessman he makes a lot of money because he's  giving people what they want you know everything  

is Tata you know the television station the trucks  and so you get angry at him I get angry at Joe  

Biden My President who's a crook you know Joe  Biden Hunter Biden they're just absolute Rooks  

so it's sad you know so it's there good people  and bad people M you wrote a book with Donald  

Trump also why we want you to become rich how did  you all become friends and what happened Donald  

Trump is a good friend he's a good he's a good man  he's a capitalist unfortunately as you may know uh  

this fake charges against him yeah the election  was stolen m in America today several elections  

that were stolen because of Marxism okay it's  sad it's really said so Mr Trump is a very good  

man his sons and I are very good friends uh you  look at Trump and his two sons Donald Don Trump  

Jr and Eric Trump then you have Joe Biden and  Hunter Biden who's a drug addict womanizer and  

all this so like father like son so I often say  to people look at what Trump's Sons do and look at  

what Biden's Sons do he's a criminal so Joe Biden  is a criminal you know how I know that because in  

when he got elected I think it was January 2020  his first move was to cut the the pipeline that  

runs from Canada to the Gulf of Mexico in America  the first thing he did was cut that pipeline why  

because I was I'm an oil man I went to school  I drive oil tankers under Trump I was selling  

oil at $30 a barrel when Biden cut the pipeline  oil went from $30 to $130 he that was his first  

act as president oh my God I know what he's  doing he's going to raise the price of energy  

he's going to kill the middle class so today I  see people you know pumping gas like this they  

got kids they can't afford to feed them because  you know fuel energy produces food produces oil  

Transportation affects everything everything so  Biden is the worst president we've ever had I'm  

not Republican or Democrat okay just watch what a  person does not what they say yeah his First Act  

was to cut the PIP plane I made a fortune that's  yeah cuz well oil was $30 a barrel went to30 you  

had but everybody else got poor I don't like that  doesn't make me happy you know it doesn't make me  

happy but this guy Biden is a complete crook  compared to Mr Tata who everybody loves the  

guy yeah do you know I have tremendous respect for  Modi also okay yeah so you have a good politician  

bad politician good president bad so this guy  Biden is a crook just watch what he does not  

what he says the First Act was to cut the pipeline  I made fortunes I hated it because you are smart  

financially that's why you made no because he made  my my friends poor he does it intentionally okay  

bid is a crook why he is doing like this communist  okay yeah I said I was in Vietnam a pilot right  

h i remember flying watching Vietnamese killing  Vietnamese this is stupid you Viet Vietnam Reon  

America was there for oil Vietnam is a lot of oil  yeah yeah so I know what's going on my degree is  

in oil okay I understand oil so when Biden cut  the PIP plan I knew exactly what he was doing  

you understood the behind the scenes I know no  it's obvious not behind the scenes it's obvious  

it's obvious American people are so stupid they  cannot see Americans are so stupid today that's  

why homelessness looks like the slums of Mumbai  what's the biggest mistake they are doing people  

in India also in America what's the biggest  Financial mistake we people are committing  

right now you shouldn't go to school anymore  okay school is going to make you poor okay Poor  

Dad went to school Rich Dad didn't my friends who  are billionaires didn't go to school entrepreneurs  

you don't have to go to school you know you have  to go to school to be a doctor or a lawyer or an  

accountant but to be an entrepreneur you don't  need to go to school so that's what's happening  

for you I become an entrepreneur you don't need  a college degree for that I have an interesting  

story so my dad is a taxi driver so he saved a lot  of money for me so that I can get a degree so I  

have invested my 15 10 15 16 years for engineering  I did my engineering but I never went back to take  

my degree the college used to call me and say that  take your degree take your degree but I knew it's  

not worth it I read it I learned from here the  uh degrees is just piece of paper it doesn't  

matter if you have a degree or not I started my  YouTube channel and it blew all because of you  

so right now in terms of financial education what  do you think about cryptocurrencies I have uh 60  

Bitcoin 60 Bitcoins that's all okay all coins do  you think it's a there is a positive future for

cryptocurrencies no don't care we can't say  no I mean 60 is enough that's 1.8 billion  

million right see that what but how did I  get the 60 is the question how well because  

I studied what's called technical trading  you markets go up markets go down so what  

happened Bitcoin came out in 2009 I did  take a move everybody would went straight  

to 20,000 yeah so I watched it and it  dropped down to like one and then went

so when it hit 6,000 I bought 60 of them I'll be  rich for the rest of my life yeah all you need is  

one so I have 60 Bitcoin that's enough I can't  live in Mumbai yeah comfortable life you can  

yeah but that's Financial education knowing how  to track Trends and markets and all that stuff  

what the best way a person like me can learn from  best ways we can learn because education system is  

not good so what are the other options that we can  opt to to learn how do we get educated huh because  

education system is not good right from mobile  the best teachers are on this today yeah YouTube  

yeah I'm on this thing all day okay I'm listening  to really smart people really stupid people you  

somebody said this is good somebody say this is  bad I listen to them all the best teachers are on  

this some of the best Crooks around this also yeah  but so you can take this into the slums of Mumbai  

and a young child can study from here and get out  of the slums but it's up here not school school's  

a waste of time yeah for for unless you can be a  doctor or a lawyer yeah I be a doctor or lawyer  

I'll be an entrepreneur but if you want to become  an entrepreneur then there are lots of option on  

mobile it's more than an entrepreneur I Want to Be  Free yeah I don't I can travel where I want I make  

as much money as I like I was doing a talk today  you know like I I drive Ferraris rolls-royces and  

all that and a lot of financial experts say live  below your means I don't like it I don't want live  

Bel my means I don't look I mean Japanese I don't  like Toyotas I like Ferraris okay would you rather  

Ferrari or Toyota Ferrari Rolls-Royce or Toyota  Rolls-Royce and so I drive a jet which would  

you have fly fly economy in Air India or drive  your own jet drive your own jet oh that's the  

difference you're buying new jet also I on the  talk you said you are going to buy another jet  

have two okay you have two a layer 60 I'm going to  buy I'm buying a G4 right now Gulf Stream 4 okay  

so I can fly internationally save time because  that's important right no I hate Air India I  

hate United Airlines I hate American Airlines  I don't like traveling with poor people yeah I  

rather have my own jet yeah and be with people who  are good with mindset yeah easier said than done  

yeah most people have a poor mindset are sad cuz  they went to school go to school get a job work  

hard pay taxes save money buy a house and invest  in the stock market I don't do any of that I'm not  

saying people shouldn't do that I don't do any of  I don't have to I'm an entrepreneur I I like gold  

so I I bought a gold mine average person cannot  buy a gold money I own a silver Mone in Argentina  

because I'm an entrepreneur do I pay for it no  okay how we got study you have to study yeah and  

what are the different things you invest in money  in like Commodities you buy oil you have gold  

silver are there any other things you invest money  in cattle cattle I know it's illegal here cuz you  

eat you H but cattle's very big business okay why  people eat them I'm I'm in America I'm not here  

in India yeah yeah okay I only buy what people  want yeah so over here if I was here I'd buy pigs  

I would sell pigs in America I sell cattle and it  violates your religion I know but not my religion  

right and you're just fulfilling the need what  people need you fulfilling that because you're  

an entrepreneur what do people want yeah I don't  want crypto you know I want the money I want that  

stuff I don't want a job I don't buy a job but  people who need a job go to school people who want  

to be doctors go to school that's good because we  need doctors we need attorneys we need accountants  

I don't want to be one of those I want to hire  them yeah I'm an entrepreneur I I'm I'm buying  

a G4 Gulf Stream 4 goes all across the world M  that's what I want yeah I don't have to climb  

on Air India or Singapore Air or United Airlines  or American Airlines get my own jet yeah I just  

have to figure out how to make money in it that's  interesting so are you writing another book yeah  

I'm always writing books my most most happiest  thing you know I'm glad you read this book keep  

studying I think the biggest thing for people  is that I can't what poor people people say I  

can't afford it that's why they're poor you've  got to be able to say how can I afford it yeah  

so I want a G4 a gulf stream for a jet $10 million  the price is cheap flying is expensive I said well  

how am I going to pay for that jet most people  can't afford the 10 million much less it costs  

about 10,000 an hour to fly average girls in India  can't afford 10,000 an hour us yeah so I just got  

to figure out how can I no how can I afford a jet  I start another business I create assets that pay  

for my liabilities so when I wanted my Ferrari  I bought apartment houses the apartment houses  

bought my Ferrari yeah when I wanted my uh rolls  Royce I bought what's called a warehouse and the  

warehouse bought my Rolls-Royce a poor person  was say oh I can't afford it I can't afford  

it that's why they're poor yeah the words say  I can't afford it makes you poor yeah because  

that makes the mindset that you can't well this  is Christian but say the word becomes flesh yeah  

I don't know if it's in Hindu but when you say  I can't afford it you become poor okay or any  

final message for me and for the viewers any fin  message no I mean thank you I'm honored to read  

this book is the greatest gift he can give an old  man like me it's my pleasure to see young but but  

keep teaching okay yes we will I have a board game  called the cash flow board game yeah I recommend  

that people take that into the slums and teach if  you teach you get richer because it will change  

the mindset yourself yeah you see the the reason  teachers are poor is because they work for money  

they just want job security they're criminals I  don't like School teachers I can tell but I like  

people who go and teach to give when you teach and  give more comes back to you yeah God Shines on you  

was it Shiva or Shines on you I'm a Muslim say  yeah okay give and you shall receive that's the  

that's in every religion and every entrepreneur  believe that it's all religions yeah give  

and you shall receive yes thank you so much thank you so much it's an honor thank you so much